Bed Bath & Beyond Will Remain As Online Store

Despite having closed its physical locations, Bed Bath & Beyond will continue to operate online.

Overstock.com purchased the company, and as a result, it will now go by the moniker Bed Bath & Beyond and point its website to bedbandandbeyond.com.

The company's intellectual property rights were apparently purchased by Overstock.com for $21.5 million, and the new name would be introduced in August.

This year, Bed Bath & Beyond filed for bankruptcy. This weekend marks the planned closure of the final stores.